US STOCKS SNAPSHOT-S&P 500 slides 7%, triggers 15-minute trading halt
Source: Yahoo News/Reuters
March 18 (Reuters) - The S&P 500 index tumbled 7% on Wednesday, triggering a 15-minute trading halt of Wall Street's main indexes for the second time this week, on fears that stimulus measures may not be enough to avert a coronavirus-driven recession.
Wall Street had bounced in the previous session after the Trump administration pressed for a $1 trillion stimulus package and the Federal Reserve relaunched a plan to buy short-term corporate debt, but the optimism was short-lived with many companies warning of big business impact.
At 12:56 p.m. ET the Dow Jones Industrial Average was down 1,660.63 points, or 7.82%, at 19,576.75, the S&P 500 was down 177.29 points, or 7.01%, at 2,351.90 and the Nasdaq Composite was down 462.37 points, or 6.30%, at 6,872.41.
If the S&P 500 falls 13% when trading resumes, it will trigger a level-2 circuit breaker and halt trading again for 15 minutes. (Reporting by
Read more: https://news.yahoo.com/us-stocks-snapshot-p-500-170206565.html
lunasun
(21,646 posts)jayschool2013
(2,311 posts)At this moment.
BumRushDaShow
(128,516 posts)Sancho
(9,067 posts)BumRushDaShow
(128,516 posts)they will never act rationally.
cstanleytech
(26,243 posts)Seems like every time he opens that fat foul mouth of his that he does more harm to Wall Street as well as peoples 401K retirement funds.